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City & Country: G.I.M. makes its presence felt in Penang

The Golden Triangle area in Kuala Lumpur has been so named because it is the city’s most vibrant commercial, retail and entertainment hub. And it is this vibrancy that G.I.M. Group of Companies wants to replicate up north in Penang.

City&Country: Cover Story-- Confusion reigns

The International Financial Reporting Interpretations Committee 15 or IFRIC 15, and its impact on the property industry, has been hotly debated since the Malaysian Accounting Standards Board (MASB) announced its adoption effective July 1, 2010. 

City&Country: Green is the new black

Convinced that green building practices and advanced technological developments are the way forward,  the Malaysian Institute of Architects (PAM),  organisers of the annual architecture and design event DATUM: KL 2010, have cho

Ivory Properties post net profit of RM8.44m

KUALA LUMPUR: Recently listed property developer Ivory Properties Group Bhd registered a net profit of RM8.44 million for its second quarter ended June 30, 2010 (2QFY2010). Its pre-tax profit for the quarter was RM12 million, while it posted a revenue of RM25.9 million.

Its basic earnings per share was 5.98 sen.

SBC net profit down 54.5% from a year ago

KUALA LUMPUR: Construction firm SBC Corporation Bhd posted net profit of RM1.28 million in its first quarter ended June 30, 2010 (1QFY2011), down 54.5% from RM2.81 million a year ago as it recorded lower revenue.

Hubline to acquire leasehold land and buildings for RM15m

KUALA LUMPUR: Hubline Bhd is acquiring two parcels of leasehold land and buildings in Miri for RM15 million from Many Plus Realty Sdn Bhd.

Its unit Hubline Logistics Sdn Bhd had signed two sales and purchase agreements with Many Plus Realty on Friday, July 23 for the acquisition.